Sirius XM Holdings Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity

Stockholders' Equity

12 Months Ended

Dec. 31, 2018

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Common Stock, par value $0.001 per share

We are authorized to issue up to 9,000,000 shares of common stock. There were 4,345,606 and 4,530,928 shares of common stock issued and 4,345,606 and 4,527,742 shares outstanding on December 31, 2018 and December 31, 2017, respectively.

As of December 31, 2018, there were 278,010 shares of common stock reserved for issuance in connection with outstanding stock based awards to be granted to members of our board of directors, employees and third parties.

Quarterly Dividends

During the year ended December 31, 2018, we declared and paid the following dividends:



Declaration Date	Dividend Per Share		Record Date	Total Amount		Payment Date
January 23, 2018	$	0.0110	February 7, 2018	$	49,397	February 28, 2018
April 26, 2018	$	0.0110	May 10, 2018	$	49,287	May 31, 2018
July 18, 2018	$	0.0110	August 10, 2018	$	49,316	August 31, 2018
October 9, 2018	$	0.0121	November 9, 2018	$	53,434	November 30, 2018

Stock Repurchase Program

As of December 31, 2018, our board of directors had approved for repurchase an aggregate of $12,000,000 of our common stock. Our board of directors did not establish an end date for this stock repurchase program. Shares of common stock may be purchased from time to time on the open market, pursuant to pre-set trading plans meeting the requirements of Rule 10b5-1 under the Exchange Act, in privately negotiated transactions, including transactions with Liberty Media and its affiliates, or otherwise. As of December 31, 2018, our cumulative repurchases since December 2012 under our stock repurchase program totaled 2,683,109 shares for $10,674,252, and $1,325,748 remained available for future share repurchases under our stock repurchase program.

The following table summarizes our total share repurchase activity for the years ended:



	December 31, 2018			December 31, 2017			December 31, 2016
Share Repurchase Type	Shares	Amount		Shares	Amount		Shares	Amount
Open Market	208,973	$	1,297,132	270,527	$	1,403,283	420,111	$	1,672,697

Preferred Stock, par value $0.001 per share

We are authorized to issue up to 50,000 shares of undesignated preferred stock with a liquidation preference of $0.001 per share. There were no shares of preferred stock issued or outstanding as of December 31, 2018 and 2017.